Investment in Turkish property to surge
The Turkish property market’s desirable prices and rising tourism figures are set to attract greater foreign property investors, a report has recently suggested. In 2008 alone, Turkey saw more than 23 million tourists visit the country, according to Ertugrul Gunay, the tourism minister. It is being anticipated that 2009 will attract an even greater number [...]
Ras Al Khaimah’s heritage sites developed
Ras Al Khaimah’s Tourism manager, Hilary McCormack, has highlighted that the state’s main priority is to ensure that the region’s cultural and heritage sites are developed and maintained as feasible tourism hotspots. According to McCormack the priority for Ras Al Khaimah is to further develop facilities and tourism infrastructure to facilitate the increasing number of [...]
Dubai’s plan for 2009 discussed
Dubai’s Deputy Ruler, Sheikh Maktoum Bin Mohammed Bin Rashid Al Maktoum, acting in his capacity as Dubai Executive Council’s (DEC) Deputy Chairman held a meeting with its council yesterday. This meeting was organised to discuss the government of Dubai’s work plan for 2009, submitted by the council’s general secretariat, with the members of the DEC. [...]
Istanbul to have 618 kilometres of rail by 2023
Istanbul has set itself an aim of expanding the total extent of its rail systems to 618 kilometres by the year 2023. This was highlighted by Istanbul’s Mayor Kadir Topbas, who explained that these planned rail systems will be accessible to all of Istanbul’s residents. Istanbul’s Mayor also stated that the city received significant investments [...]
Dubai Financial Market Foreign Investment reaches AED 580.8mn
Dubai Financial Market has recently announced that non-UAE nationals and foreign investors invested a total of AED580.8 million during the third week of January, 2009. The investment consisted of the value of shares bought by foreign investors during this period and represented 42.5 percent of the total stocks traded during this period. This demonstrates that [...]